Student loan forgiveness: There is no “back-up plan,” says a Biden official. “We have a plan, it is the plan that we have announced.”

A day after the US Supreme Court heard oral arguments on the Biden administration’s plan to forgive student loans, a White House official told MarketWatch that there is no alternative plan in case the superior court annuls it.

“We have a plan, it is the plan that we have announced,” said Bharat Ramamurti, deputy head of the National Economic Council, who joined MarketWatch’s Victor Reklaitis for a live question-and-answer session.

“Us…

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